Invest in Shariah Compliant Mutual Funds | CA Pratiksha Pai posted on the topic | LinkedIn (2024)

Did you know?: Islamic finance strictly prohibits investment in businesses that are considered 'haram' or forbidden under Islamic law. This includes industries such as alcohol 🍺 , tobacco 🚬 , gambling 🃏, and pork products 🐷. This ethical approach to investing is attracting a diverse range of investors, not just those of the Islamic faith. 🌍💰Learn more here ➡️https://lnkd.in/dvb5dA7Y#takadao #financialfactfriday #islamicfinance

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Shariah-compliant, often referred to as Halal, refers to financial products, investments, and practices that adhere to the principles of Islamic law, known as Sharia. Sharia compliance is a crucial aspect of finance ensuring that investments and transactions align with Islamic ethical and moral values. Here are the key principles that define Shariah compliance:1. Prohibition of Riba (Interest):-Interest on loans is strictly prohibited in Islam. Sharia-compliant investments avoid interest-bearing transactions or any form of usurious gains.2. Avoidance of Haram (Forbidden) Activities:- Investments must exclude businesses involved in activities such as alcohol, pork, gambling, and other activities deemed forbidden in Islam.3. Ethical and Social Responsibility:- Investments should align with ethical and social values, promoting fairness, justice, and positive contributions to society.4. Asset-Backed and Tangible Investments:- Investments should be based on tangible assets or services and avoid speculative or uncertain transactions.5. Risk and Profit/Loss Sharing:- Investments should involve risk-sharing arrangements, where profits and losses are shared among the parties involved, promoting fairness and equitable distribution of gains.6. Transparency and Fairness:- All transactions and contracts should be transparent, fair, and uphold honesty and integrity in dealings.Shariah-compliant investments can include Islamic banking products, equities, real estate, mutual funds, and sukuk (Islamic bonds). Muslim investors who follow Shariah-compliant investing principles seek financial growth while staying true to their faith and values.#Sharia #compliant #investing #investment #equity #realestate #mutualfund #islamic #law #ESG #portfolio #finance #social #ethical #bonds #sukuk

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Halal investments outperform conventional ones. The numbers do not lieI published this article in Islamic Finance News - IFN Volume 20 Issue 27 dated the 5th July 2023.#halal #shariahcompliant #stockmarketinvesting #indices https://lnkd.in/eUeAMtaF

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If the source of funds is from Haram item/activity, it cannot be used to finance a Halal item/activity. So likewise, the financing of a Halal item producing profits contributing to a Haram activity (Human rights violations) should not be allowed by Shariah Boards in Islamic Finance. Any comments?

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What are some of the halal/shariah-compliant tax-saving options available in India? Many of us were never educated about the significance of investments, taxes, financial planning/budgeting, insurance, and trading during our time in school or college. It's as if one day you become an adult and are expected to navigate these matters on your own. Acquiring life skills and strategies for economic survival could have significantly benefited our careers and personal growth, more so than learning about an 8085 8-bit microprocessor. P.S: Halal/Shariah Compliant : permissible/lawful by Islamic law. #financialliteracy #taxsaving # #shariahcompliant #Indianeconomy

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Did you know there is index governed by Islamic laws? It is called SHARIAH index.Shariah index comprises stocks of companies which are doing business as per shariah law. It is overwhelming to know finance & investing community care for everyone irrespective of their value & belief and provide opportunity to grow their hard earned money in easiest way possible by investing in these indexes.Some shariah indexes are shariah 50 index by NSE and S&P BSE 500 shariah index. Stocks of these indexes exclude banks as shariah law forbids profiting from interest. Similarly, companies that earn revenue from alcohol, cigarette & pork are not included. As Islam prohibits earning from speculation & gambling so intraday and F&O trading are not allowed.

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🐘 3 things you need to know about #halal investing. The term "halal" refers to what is permissible or lawful under Islamic law. In the context of investing, it involves investing in companies and assets that comply with Islamic finance principles.🎯 It's a socially responsible approach to #finance & #investment.🎯 Its principles make halal funds low-risk.🎯 It's an ethical way to grow your wealth.ndovu makes it easy to access and invest in #halal funds. Sign up on ndovu and invest in a halal fund with as low as $50. https://lnkd.in/dXaJzq3EYou don't have to do it alone; signing up on ndovu includes free financial advisory sessions to help you get started. Call us on +254 715 530 530, and let's talk more!

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Is Forex trading halal? That's the most common question we at IFSG received at our events. There's also been endorsem*nts by religious teachers on Forex being halal, causing confusion within the community. But here to explain is Mdm Suhaida Mahpot, CEO of Amanie Advisors, a Global Shariah advisory firm for multiple investment funds and products.We also have an explanation on our FAQ here (https://lnkd.in/gYPkfgsP)!

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Hear the views of practitioners such as Nitish Bhojnagarwala, Ahmad Shahriman M., Dr. Bello Danbatta, Fadlul Imansyah, Dr Hurriyah El Islamy and Rusni Hassan as they discuss where does Islamic finance play a role in the development of the Halal economy, and are Islamic financial institutions well positioned to serve the corporate and SME sectors?https://lnkd.in/gvCj8h7p#IFNAsiaForum#REDmoney#IFN#IslamicFinance#Finance #Malaysia

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AVENUES TO GROW YOUR WEALTH THE HALAL WAYIslamic compliant ways to grow wealth.Islamic finance principles emphasize ethical and Sharia-compliant ways to grow wealth. Some of these include:Halal investments: Invest in businesses or ventures that are permissible according to Islamic principles, avoiding sectors like alcohol, gambling, pork, p*rn etc.Islamic Banking: Utilize Islamic banking products, such as Islamic savings accounts and Islamic financing options, which avoid interest (riba).Profit and Loss Sharing (PLS) ventures: Participate in investment opportunities that involve profit and loss sharing, adhering to the Islamic principle of Mudarabah or Musharakah.Sukuk (Islamic bonds): Invest in Sukuk, which are Islamic bonds that comply with Sharia principles and provide a return on investment based on underlying assets.Ethical businesses: Engage in ethical businesses that promote social responsibility and benefit society without involving prohibited activities.Zakat and charity: Regularly give Zakat (obligatory almsgiving) and engage in voluntary charity, as these actions purify wealth and promote social welfare.Real estate investment: Invest in real estate following Islamic finance guidelines, such as avoiding interest-based mortgages and engaging in fair property transactions.Takaful (Islamic insurance): Opt for Takaful, a cooperative insurance system that aligns with Islamic principles and avoids interest-based practices.Trade and commerce: Engage in lawful trade and commerce, adhering to Islamic principles of honesty, transparency, and fairness.Islamic finance aims to promote responsible and ethicality financial practices, ensuring that wealth is grown and utilized in a manner that benefits individuals and society while adhering to Islamic principles and values. It is always recommended to seek advice from scholars or experts in Islamic finance to ensure compliance with Sharia regulations.image credit goes to Freepik#islamicfinance #islamicfintech #enricherfintech #esg #Halalwealth #financialinclusion #halalfunding

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